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Pakistan Oxygen finalizes Rs.5.1 bln investment plan for expansion of Air Separation Plant

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March 19, 2019 (MLN): The Board of Directors of Pakistan Oxygen Limited (PAKOXY) – a leading supplier of industrial & medical gases, pipeline services and welding solutions in Pakistan – in its meeting held on March 18, 2019 formally approved an investment plan of approximately Rs.5.1 billion to set-up the latest and most efficient Air Separation Unit (ASU) in Pakistan.

In an earlier announcement issued by PAKOXY to Pakistan stock Exchange (PSX) last year, the company informed the market of an investment plan of about Rs.4.4 billion to set-up the largest air separation plant in Pakistan, which was capable of producing up to 250 tons per day of Air Separation Unit (ASU) products.  

The recent expansion shall increase the ASU gases manufacturing capacity of the Company by approximately another 95%.

The plant is expected to come on stream in the fourth quarter of year 2021.

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Posted on: 2019-03-19T13:12:00+05:00

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